Lendbuzz Leases 5,084 Sq Ft Office Space At Trinity Commons, 107 Greenwich Street
107 Greenwich Street
$79
$79/SF
Building Size
5,084 SF
Asset Type
Office
Closing
Jan 5, 2024
AI
Lendbuzz, an AI-driven auto loan service, has secured a five-year lease for a 5,084-square-foot space on the 22nd floor of Trinity Commons at 107 Greenwich Street, marking its inaugural New York City headquarters. The asking rent for the office space was $79 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $79/ft
- Square Footage: 5,084
- Address: 107 Greenwich Street
- Market: Financial District
Lendbuzz was represented in the lease transaction by brokers Andrew Coe, Edward DiTolla, Finley Burger, Jeff Szczapa, John Wheeler, and Margaux Kelleher from JLL.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
200797.47%
Cash-on-Cash
-57388.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93